Sivaramakrishnan Ganapathi, MD, Gokaldas Exports, says this year on the low base of last year, there is a growth. Also, the retail-led demand continues to pull up the sector and there is also a move from Western companies to source more from India and that is getting more pronounced when the demand is coming back,…
Khairav Duggal, CEO, Chupps Chupps, a D2C footwear brand, on Thursday announced the appointment of Khairav Duggal as its Chief Executive Officer. As CEO, Duggal will oversee all aspects of Chupps’ operations by focusing on product development, sourcing, strategic planning and expanding sales channels, including a robust e-commerce presence, according to a statement. Duggal comes…
Reliance Retail Ventures is set to finally launch Chinese fast-fashion label Shein in the coming few weeks, a year after it inked a strategic partnership with the latter, multiple executives aware of the developments said. The Mukesh Ambani-owned retailer will be selling Shein’s products on its app as well as offline stores owned and operated…
New Delhi: The textile industry is seeing signs of recovery, with global retailers and brands reporting that their inventory levels have returned to pre-COVID standards, a recent report of Avendus Spark observed. However, it highlights a cautious outlook on demand as garment companies await a boost in order book momentum. This cautious optimism suggests that…
Driven by millennials and Gen Z population, the Indian fast fashion industry is projected to reach a massive $50 billion market by FY31, a report showed on Tuesday. Bengaluru: Driven by millennials and Gen Z population, the Indian fast fashion industry is projected to reach a massive $50 billion market by FY31, a report showed…
Representative image. Functionality, but also fashion. Comfort but also chic. Priority checklists for buying shoes, watches and even apparel for the gym have evolved, and the brands are ramping up their game to cater for this dynamic market. ‘Sneaker-heads’ and ‘fitness freaks’ have most certainly transcended into the trend of premiumisation as they are now…
Claudio Sforza, CEO, Benetton Group The Benetton Group has announced the appointment of Claudio Sforza as its Chief Executive Officer. Prior to joining the Benetton Group, Sforza worked in upper management of large corporations such as Astaldi, Poste and Ilva Group, according to a statement. Sforza started his professional career in the realm of Administration…
